Description: This course explores the role that money, financial markets and institutions, and monetary policy play in shaping the economic environment. We investigate why these markets and institutions arise and may lubricate the resource allocation analytically (rather than descriptively), using tools of economic theory.
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br>Description: The main purpose of this course is to review the necessary mathematical materials for the first year graduate courses in microeconomics, macroeconomics, econometrics, and finance. While improving mathematical literacy and sophistication is an important secondary goal, this course will not provide adequate preparation for those wishing to specialize in Mathematical Economics or Mathematical Finance.
This course will review those topics including univariate and multivariate calculus, constrained and dynamic optimization, linear algebra, difference and differential equations, real analysis, probability and stochastic processes that are most pertinent to economic, econometric and finance theory.
Professor Wei Xiong covers the two weeks during the summer and Professor Valentin Haddad covers the course during the first half of the fall semester.
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